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No, he goes into a coma, but then wakes up and is considered a hero. Even Betsy congratulates him whe she hails his cab some weeks later, but he will not let her pay for the ride.

Actually, there is another interpretation. At the end of his shooting spree, Travis is actually dying. From that point on, every thing he sees is his dying fantasy; the papers celebrating him as a hero, the happy ending for the teen hooker, Betsy (who hated his guts) proud of him. When he's alone in the cab at the end, he adjusts his rearview mirror, we see his face - and there is a music sting. His face in the mirror disappears, and we're looking through the cab's rear window. Travis has died, and as shown under the end credits, he and his ghost cab are riding through the Hell of Manhattan for the rest of eternity.

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Q: Does travis bickle die in taxi driver?
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